DA Davidson Estimates Cadence Bank’s Q1 Earnings (NYSE:CADE)

Cadence Bank (NYSE:CADE) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Cadence Bank in a report released on Monday, January 27th. DA Davidson analyst G. Tenner forecasts that the company will post earnings per share of $0.61 for the quarter. DA Davidson currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.87 per share.

CADE has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Cadence Bank in a research note on Friday, January 24th. Stephens reiterated an “overweight” rating and issued a $42.00 price objective on shares of Cadence Bank in a report on Thursday, January 23rd. Citigroup lifted their target price on shares of Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday. Barclays upgraded shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $44.00 in a research note on Thursday, December 19th. Finally, Truist Financial raised their price objective on shares of Cadence Bank from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.13.

Cadence Bank Stock Performance

CADE opened at $35.17 on Tuesday. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 12.69 and a beta of 1.00. Cadence Bank has a 52-week low of $24.99 and a 52-week high of $40.20. The firm’s fifty day simple moving average is $35.90 and its two-hundred day simple moving average is $33.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04.

Cadence Bank (NYSE:CADE) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Cadence Bank had a return on equity of 9.98% and a net margin of 18.03%. During the same period last year, the firm earned $0.40 EPS.

Institutional Investors Weigh In On Cadence Bank

Several institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in shares of Cadence Bank in the 4th quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in Cadence Bank during the 3rd quarter worth approximately $25,000. Mather Group LLC. lifted its holdings in shares of Cadence Bank by 716.2% in the fourth quarter. Mather Group LLC. now owns 808 shares of the company’s stock valued at $28,000 after purchasing an additional 709 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of Cadence Bank in the fourth quarter worth $31,000. Finally, Point72 Hong Kong Ltd acquired a new position in Cadence Bank during the third quarter valued at $32,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Cadence Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.275 per share. This is an increase from Cadence Bank’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.13%. Cadence Bank’s payout ratio is 36.10%.

About Cadence Bank

Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services.